Charter Trust Co Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Charter Trust Co reduced its stake in Chevron Corporation by 0.55% during the most recent quarter end. The investment management company now holds a total of 129,867 shares of Chevron Corporation which is valued at $13,712,657 after selling 721 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Chevron Corporation makes up approximately 1.55% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , First Premier Bank boosted its stake in CVX in the latest quarter, The investment management firm added 805 additional shares and now holds a total of 3,825 shares of Chevron Corporation which is valued at $400,745. Chevron Corporation makes up approx 0.30% of First Premier Bank’s portfolio.Marshwinds Advisory Co reduced its stake in CVX by selling 385 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 22,285 shares of CVX which is valued at $2,334,799. Chevron Corporation makes up approx 1.13% of Marshwinds Advisory Co’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in CVX by selling 200 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 37,808 shares of CVX which is valued at $3,961,144. Chevron Corporation makes up approx 1.21% of First National Bank Trust Co Of Newtown’s portfolio.

Chevron Corporation closed down -0.45 points or -0.42% at $105.59 with 68,02,012 shares getting traded on Wednesday. Post opening the session at $105.93, the shares hit an intraday low of $105 and an intraday high of $106.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Chevron Corporation reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.16. The company had revenue of $23533.00 million for the quarter, compared to analysts expectations of $22735.35 million. The company’s revenue was down -31.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Jefferies on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $110 .Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 104 from a previous price target of $90 .

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for developing and producing crude oil and natural gas; processing liquefaction transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting storing and marketing natural gas and operating a gas-to-liquids plant. The Company’s Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline marine vessel motor equipment and rail car and manufacturing and marketing commodity petrochemicals plastics for industrial uses and fuel and lubricant additives.

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